Brixmor Property Group Appoints Sheryl Crosland To Board Of Directors

NEW YORK, Dec. 5, 2016 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of Sheryl M. Crosland, former Managing Director and Retail Sector Head at JP Morgan Investment Management, to the Company's board of directors.  Ms. Crosland takes the seat vacated by Jonathan D. Gray on November 11, 2016.  With this change, eight of the nine Brixmor directors will be independent. 

During her 30 year tenure at JP Morgan Investment Management's Global Real Assets Group, Ms. Crosland grew the retail investment portfolio from less than $1 billion to over $11 billion and oversaw the firm's investments in Edens Investment Trust LP and Donahue Schriber Realty Group, as well as various co-investments with multiple leading public and private retail property owners. 

"We are very pleased to welcome Sheryl to our Board given her proven experience in direct investment in retail real estate, as well as her success in building great retail platforms," said James Taylor, President and Chief Executive Officer. "Sheryl joins a Board comprised of highly engaged and talented directors with diverse, relevant backgrounds and a shared commitment to strong corporate governance."

Mr. Taylor continued, "On behalf of the entire Brixmor team, I want to thank Jon for his sponsorship and dedication to our Company.  Jon's wisdom, foresight and leadership were essential to our becoming an industry leader in open air retail.  We are incredibly grateful for his invaluable contributions."

ABOUT BRIXMOR PROPERTY GROUP
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 500 retail centers comprise 86 million square feet in market-dominant locations across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as service and entertainment users. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing repositioning and redevelopment projects. Headquartered in New York City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company. 

CONNECT WITH BRIXMOR

• For additional information, please visit www.brixmor.com;
• Follow Brixmor on Twitter at www.twitter.com/Brixmor;
• Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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SOURCE Brixmor Property Group Inc.